(covering marple, the bridge, mellor and compstall)

Month: May 2016

the samuel oldknow

Walked past here the other day and it was buzzing – a great addition to Marple’s social scene.
The Samuel Oldknow opened in March this year offering a wide selection of drinks, with board games and a great atmosphere.
Check out what they’re up to next…
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average marple house price up 4% at the end of last year

Marple homeowners and buy-to-let landlords in SK6 should be pleased to know that prices have risen recently.

Our latest analysis of the Marple property market shows that month-on-month, SK6 house prices have increased by 4%, whilst the year-on-year figures showed that house prices in SK6 have decreased by 16.8% in the year, taking the average house price in the Marple area to £157,000.

It gets even more interesting when we look at the last few months of 2015 and see the patterns that seem to be emerging.

• December 2015 – a rise of 4%

• November 2015 – a fall of 7.1%

• October 2015 – a fall of 3.8%

• September 2015 – a fall of 4.5%

The lack of new building developments has been the biggest factor contributing to the SK6 property values being 27.3% higher compared to 2009, and an eye watering 246.8% higher than in 1995.

Until the Government addresses this issue nationally, and allows more properties to be built, things will continue to get worse. The UK population grows at just under 500,000 people a year, whilst the country is only building 152,400 properties a year – no wonder demand is outstripping supply.

We firmly believe the property market in SK6 (and the country as a whole) is changing its attitude towards homeownership, which in turn will have major ramifications for the homeowners and buy-to-let landlords of SK6 alike. Back in the late 20th century, getting on the property ladder was everything. However, since the late 1990’s, we as a country (in particular, the younger generation of would-be homeowners) have slowly started to change their attitude to homeownership. We are moving to a more European model, where people choose to rent in their 20’s and 30’s (meaning they can move freely and not be tied to a property), then inherit money in their 50’s when their property owning parents pass away, allowing them to buy property themselves.

Some of the highest levels of home ownership are in Romania at 96.1%, Hungary at 88.2% and Latvia at 80.9% (hardly European economic powerhouses). In Western Europe, Spain has homeownership levels at 78.8% and Greece has 74.0% (and we know the economic woes of these countries well). At the other end of the scale, whilst we in the UK stand at 64.8% homeownership (and interestingly in Marple is 78.4%), in Europe’s powerhouses only 52.5% of Germans and 44.0% of Swiss people are homeowners.

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sales levels in marple have increased

The number of sales in a given area is a powerful measure of the buoyancy of local housing markets. There were a total of 878 transactions in SK6 in the last calendar year. This is an increase of 30.8% over the year. In comparison, there was an increase of 35.2% in the North West, and an increase of 29.4% across England & Wales.

 

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resident jobs mix

Sales as a percentage of total housing stock available is a useful measure of an area’s turnover. Of the total private stock in SK6, 4% of properties changed hands in the last calendar year. This is 0.2% more than in the North West, where the turnover was 3.8%, but 0.2% less than the whole of England & Wales (4.1%).

 

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a great investment finished to an exceptional standard

This great buy to let purchase is on with Lawler & Co for £165,000. It’s in fantastic condition throughout and looks as though it has undergone a full refurb.

The condition will attract an array of tenants and would let very quickly. This is why with an expected rent of £725 PCM and 5.27% gross yield, it would make a sound investment.

Continue for the Rightmove link to see more!

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turnover in context of the bigger picture

Sales as a percentage of total housing stock available is a useful measure of an area’s turnover. Of the total private stock in SK6, 4% of properties changed hands in the last calendar year. This is 0.2% more than in the North West, where the turnover was 3.8%, but 0.2% less than the whole of England & Wales (4.1%).

 

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huge potential on station road

Station Road continues to be poplar with buyer and renters alike! And this one will surely not disappoint!

In need of some renovation, but once finished you should see a rent coming in of £750 pcm along with a great capital return. On with Julian Wadden, get in on our open house at offers over £150,000.

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a btl gem in the village!

Brilliant location, right in the heart of Marple village this is a great BTL and should rent out for £675 pcm giving an impressive 6.48% yield. Doesn’t look like it needs much work doing to it so you should be able to rent it out straight away! Currently on at £125,000 with Country Homes.

Continue for the Rightmove link!

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